Settings8H · net · $10k
Funding arb · Price arb /

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.095%
Price spread now: edgeX against Hyperliquid+0.040%106s7-day average −0.077% · you sell dearer than you buy
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$220.215% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.280%−$28 on $10k
Price spread, last 7 days−0.142%−$14 · spread now +0.040%, 7d avg −0.077%
Together, before fees−0.422%+ Points / potential airdropHyperliquid: Season 2 · edgeX: Active · farm board−$42 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: edgeX is 0.117% dearer against Hyperliquid than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.077%. The two prices were read 106 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid XRP1.53690.0100pay 0.0013% / 1h53m 45s$299.6M$266.5M20x
ShortedgeX XRPUSDC1.53750.0100get 0.0050% / 4h1h 53m$668K$109.5M30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against Hyperliquid. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.040% → −0.077%
$11.7
Slippage, 4 orders
−$3.53
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$9.83
Costs to cover
0.215%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 3 min ago; edgeX: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 3 min ago0.32 bp5.4 bp −$57.0 bp −$7012.7 bp −$1,270doesn't fit
Sell edgeX live order book, 3 min ago0.98 bp5.5 bp −$55.6 bp −$568.8 bp −$878doesn't fit

XRP on 50 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff XRP-PERP−0.0080%1h1.5403+0.221%$5K$4K20xas long as short
Kraken Futures PF_XRPUSD−0.0062%1h1.5356−0.085%$14.1M$71.6M50xas long as short
dYdX XRP-USD0.0000%1h1.5362−0.048%$1.1M$155K10xas long as short
Deribit XRP_USDC-PERPETUAL0.0000%1h1.5359−0.065%$7.8M$21.5M50xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5353−0.106%$245K150xas long as short
01 Exchange XRPUSD+0.0016%1h1.5360−0.059%$9K$98710xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+1.243%$2K$107K30xas long as short
SoDEX XRP-USD+0.0060%1h1.5356−0.085%$30K$1.5M10xas long as short
Lighter XRP+0.0096%1h1.5356−0.085%$2.8M$14.0M20xas long as short
Lighter RH XRP+0.0096%1h1.5361−0.052%$600K$3.1M20xas long as short
Show all 50 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex XRP-USD-PERP+0.0099%8h1.5358−0.069%$479K$47K50xas long as short
Katana Perps XRP-USD+0.0100%8h1.5359−0.065%$9K$400K20xas long as short
Nado XRP-PERP+0.0100%1h1.5359−0.062%$1.0M$5.9M20xas long as short
Hyperliquid XRPlong+0.0100%1h1.5369long leg$299.6M$266.5M20x
Aster XRPUSDT+0.0100%8h1.5356−0.085%$39.4M$81.7M100xas long as short
Pacifica XRP+0.0100%1h1.5358−0.072%$594K$1.0M20xas long as short
Binance XRPUSDT+0.0100%8h1.5354−0.099%$535.6M$2.09B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5357−0.078%$363.9M$890.0M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5355−0.091%$124.8M$838.4M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5365−0.026%$565K$37K5xas long as short
Arcus XRP-USD+0.0100%1h1.5366−0.020%$165K$684K20xas long as short
Bulk XRP-USD+0.0100%1h1.5379+0.065%$1.6M$25K20xas long as short
Gate XRP_USDT+0.0100%8h1.53690.000%$383.6M$155.8M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5356−0.085%$313.6M$887.3M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5357−0.077%$106.8M$181.8M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5356−0.085%$272.5M$357.7M125xas long as short
BingX XRP-USDT+0.0100%8h1.5366−0.020%$103.5Mas long as short
Backpack XRP_USDC_PERP+0.0100%1h1.5365−0.026%$2.0M$1.2M25xas long as short
Variational Omni XRP+0.0100%8h1.5375+0.036%$5.0M$38.4Mas long as short
edgeX XRPUSDCshort+0.0100%4h1.5375+0.040%$668K$109.5M30x
GRVT XRP_USDT_Perp+0.0100%8h1.5385+0.107%$1.1M$30.9M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5406+0.241%$1.2M$1.2M50xas long as short
Vest XRP-PERP+0.0100%1h1.5364−0.034%$15K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5360−0.059%$53K$475K20xas long as short
Bullet XRP-USD+0.0100%1h1.5353−0.102%$42K$65K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5352−0.111%$84K$613K50xas long as short
SunX XRP-USDT+0.0100%8h1.5368−0.005%$129K$1.5M30xas long as short
HTX XRP-USDT+0.0100%8h1.5347−0.141%$50.0M$14.1M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5357−0.078%$54.7M$33.2M50xas long as short
Extended XRP-USD+0.0104%1h1.5363−0.036%$2.2M$6.2M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5349−0.133%$59K$25K3xas long as short
Coinbase International XRP-PERP-INTX+0.0112%1h1.5359−0.065%$5.5M$44.6M50xas long as short
Hibachi XRP/USDT-P+0.0120%1h1.5373+0.026%$17K$76K7xas long as short
Kalshi KXXRPPERP+0.0140%8h1.53690.000%$1.9M$34.9M2.9xas long as short
GMX XRP/USD [ETH-USDC]L +0.0201% / S −0.0540%1h1.5353−0.103%$806K200xas long as short
BloFin XRP-USDT+0.0220%8h1.5361−0.052%$23.9M$78.6M125xas long as short
Reya XRPRUSDPERP+0.0223%1h1.5355−0.091%$1.4M$1K15xas long as short
RISEx XRP/USDC+0.0239%1h1.5366−0.021%$514K$739K10xas long as short
Aftermath Perps XRPUSD+0.0432%1h1.5387+0.115%$3K$13K10xas long as short
Phoenix XRP+0.0516%1h1.5390+0.137%$69K$108K15xas long as short